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Pueblo again accepting small business applications for emergency loans and grants

Posted at 4:32 PM, May 26, 2020
and last updated 2020-05-26 18:32:00-04

PUEBLO — Pueblo Mayor Nick Gradisar announced Tuesday that he is reopening the request for applications process for emergency loans and grants from the City of Pueblo for small businesses.

The city said the second round of the COVID-19 Emergency Business Loan and Grant Fund begins Tuesday May 26 and will close Friday, June 5.

According to the city, the grants and loans are for businesses in the city of Pueblo and the Airport Industrial Park. The fund is made up of $5 million from the half-cent sales tax fund and was approved by the Pueblo City Council in April.

During the first round of the fund, more than 500 requests were made online. The city said anyone who made a request during the first round is not eligible to apply again.

The fund will will provide loans up to $100,000 and grants up to $20,000 for small businesses "hit hard by the coronavirus pandemic."

Requests for applications can be found on the city's website.